SSFX Forex Broker

Note: SSFX's official website: https://www.ssfxlimited.com is currently inaccessible normally. SSFXReview Summary Founded2017/6/12 Registered Country/RegionSaint Vincent and the Grenadines RegulationNot regulated Market InstrumentsForex, Metals, CFDs Demo Account✅ LeverageUp to 1:200 SpreadFrom 1.0 pips Trading PlatformMT4 Min Deposit$10 Customer SupportEmail: support@ssfxlimited.com Social media: Twitter and Facebook SSFX Limited is an offshore broker offering forex, metals, and CFDs. It also provides the most popular trading platform - MT4. Besides, the minimum deposit of $10 is very attractive. However, it is not supervised by financial authorities.Pros and Cons Pros Cons Popular trading platform MT4Limited trading assets Low minimum deposit $10Not regulated High leverage up to 1:200Lack of transparency Demo accounts offeredIs SSFX Legit? SSFX was registered by SSFX Limited in Saint Vincent and the Grenadines in 2017. SSFX claims it was regulated. However, the Financial Services Authority of St. Vincent and the Grenadines does not supervise forex brokers and CFDs. Traders should be cautious when trading.What Can I Trade on SSFX? Tradable Instruments Supported Forex✔ Metals✔ CFDs✔ Stocks❌ Options❌ ETFs❌Account Type SSFX offers three account types: Islamic Standard, ECN Standard and Pro. Account Types Minimum DepositMinimum Lot Size Islamic Standard$100.01 per point ECN Standard$200 Pro$10000Leverage The maximum leverage of SSFX's Islamic Standard account is 1:1000, and other accounts are 1:200. Leveraging can increase returns, but it also raises the risk of losing more than you invested.Spreads & Commission When we tried out SSFX's platform in demo mode, we found the broker's spreads floating around 0.7 pips on EUR/USD with no commission fees.Trading Platform Trading PlatformSupported Available Devices Suitable for MT4✔Windows and iOSBeginnersDeposit and Withdrawal SSFX can deposit and withdraw through Bank Transfer, Credit Card, Skrill and Neteller. The minimum deposit of SSFX is $10. SSFX Limited has a withdrawal fee for all clients. For Indonesia, Thailand, Vietnam, and Malaysia, the fee is 1.5% plus the conversion. But when it comes to the deposit, it is free. Moreover, the processing time is not mentioned.Customer Service Contact Options Details Phone ❌ Email support@ssfxlimited.com Support Ticket System ❌ Online Chat ✅ Social Media ❌ Supported Language ❌ Website Language ❌ Physical Address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the GrenadinesThe Bottom Line In conclusion, traders should be cautious when coming across SSFX. SSFX offers a few trading assets and lacks regulation. Besides, customer support methods are limited so that problems can't be solved in time. Moreover, it doesn't mention its fees.FAQs Is SSFX safe? No, it doesn't have a regulation. Is SSFX good for day trading? No. SSFX shows no information about its fees What kind of trading platform does SSFX offer? MT4.